Related Keywords: Chinese raw silk, Chinese raw silk and fabric, famous Benaras handloom silk saree, flooding Karnataka market, increase in customs duty, Karnataka sericulturists, Karnataka state urge, local manufacturer of raw silk, Mysuru silk, prices decline, raw silk and cocoon market, used to weave, Varanasi market
After the reduction from 15 percent to 10 percent on Chinese raw silk, announced in the 2015-16 Budget, the Karnataka state having witnessed steep decline in prices in the raw silk and cocoon markets, which would throw the local manufacture of raw silk out of business has urged the Centre to increase customs duty to 30 percent or at least restore it to 15 percent.
